Talk Money

LETS TALK MONEY! Successful teams know their numbers, understand them and act on them. ‘Talk Money’ will explain the key business reports, numbers and jargon you need to know to understand how business finances work.

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Course curriculum

1

Welcome to Talk Money
- Welcome to Talk Money
- Talk money introduction
- Your Resources
2

Chapter 1: Viability
- Introduction to Viability
- What viability means
- Some tips on viability
- How to see if a business is viable
- Accounting theory: The activity principle
- Layout of the Profit & Loss, including Sales, Gross Profit, Overhead and Operating Profit
- Accounting Theory: The Matching of Income & Expenses Principle
- The importance of Gross Profit Margin
- Direct & Indirect Costs and Break Even
- Operating Profit
- Viability conclusion
3

Chapter 2: Cashflow
- Introduction to Cashflow
- Cash cycle and working capital
- How to layout a cashflow and sensitivities
- How far into the future should I forecast?
- Sources of finance: debt v equity
- Grants
- Filling the hole in the cashflow
- Cashflow conclusion
4

Chapter 3: The Balance Sheet
- Introduction to The Balance sheet
- Why you need to understand how transactions are recorded
- Whats going on in the accounts department?
- The Chart of Accounts
- Accounting is based on the 2 entity principle
- How the 2 entity principle is used to account for transactions (double entry bookkeeping)
- Discovering the Balance Sheet
- How the Balance Sheet, Cashflow and Profit & Loss link together
- Formal layout of the Balance Sheet
- How Profit & Loss links to the Balance Sheet
- How cashflow links to the Balance Sheet
- Balance Sheet conclusion
5

Conclusion
- Conclusion